MMYT vs VTI: Correlation
MakeMyTrip Limited (MMYT) and Vanguard Total Stock Market ETF (VTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMYT and VTI?
Across a 3-year window, the weekly returns of MMYT and VTI correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 380.6 %².
In MMYT's tracked universe of 12 assets, VTI sits right near the top at #2. The last year tells two different stories: VTI led by 64.3 percentage points, -43.6% for MMYT against +20.7% for VTI. Note the risk asymmetry: MMYT runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MMYT vs VTI: side by side
| MMYT (MakeMyTrip Limited) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -43.6% | +20.7% |
| 5-year return | +128.7% | +74.8% |
| Volatility (ann.) | 49.5% | 14.6% |
| Beta vs S&P 500 | 1.76 | 1.01 |
| Max drawdown (3Y) | -69.9% | -19.3% |
| Market cap | $5.5B | – |
| P/E (trailing) | 253.0 | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | MMYT | VTI |
|---|---|---|
| 2022 | -0.5% | -19.5% |
| 2023 | +70.4% | +26.0% |
| 2024 | +139.0% | +23.8% |
| 2025 | -26.9% | +17.1% |
| 2026 | -29.2% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMYT and VTI good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MMYT and VTI?
The MMYT/VTI correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for MMYT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mmyt-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmyt-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MMYT correlations · VTI correlations
